eBay Plans To Double Its Sales To $300 Billion In The Next 3 Years And Take On Amazon

eBay CEO John Donahoe at the 2013 Goldman Sachs
Technology and Internet ConferenceOwen Thomas, Business Insider

eBay has
aggressive plans over the next three years to make it more
competitive with Amazon.

It told attendees at its biennial analyst event that by 2015, it
expects revenue to jump from the $14 billion reported in 2012 to
$21.5-$23.5 billion. CEO John
Donahoe believes the company as a whole can increase from
$175 billion in annual sales last year to
$300 billion by 2015.

eBay is also looking to double its active users in that
timeframe. It estimates site traffic to eBay.com will grow from
112 million active users to 200 million.

PayPal is
a big part of the company's growth plans. Its president,
David
Marcus, told analysts, "We can double our
business." Last year, PayPal
processed $145 billion in payments.

"The
turnaround is behind us, and we are now playing offense," says
Donahoe.

Disclosure: Jeff Bezos is an investor in Business Insider through his
personal investment company Bezos Expeditions.